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#1 |
Serious Business
Join Date: Nov 2008
Location: New York
Moto: 1993 ZX-11 2008 CBR1000rr
Posts: 9,723
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Murdoch signals end of free news
News Corp is set to start charging online customers for news content across all its websites. The media giant is looking for additional revenue streams after announcing big losses. The company lost $3.4bn (£2bn) in the year to the end of June, which chief executive Rupert Murdoch said had been "the most difficult in recent history". News Corp owns the Times and Sun newspapers in the UK and the New York Post and Wall Street Journal in the US. 'Revolution' “ We intend to charge for all our news websites. I believe that if we are successful, we will be followed by other media ” Rupert Murdoch, chief executive, News Corp Mr Murdoch said he was "satisfied" that the company could produce "significant revenues from the sale of digital delivery of newspaper content". "The digital revolution has opened many new and inexpensive methods of distribution," he added. "But it has not made content free. Accordingly, we intend to charge for all our news websites. I believe that if we are successful, we will be followed by other media. "Quality journalism is not cheap, and an industry that gives away its content is simply cannibalising its ability to produce good reporting," he said. In order to stop readers from moving to the huge number of free news websites, Mr Murdoch said News Corp would simply make its content "better and differentiate it from other people". HAVE YOUR SAY What a ridiculous idea. Why would anyone pay for news from the web? Paul, Lichfield Alfonso Marone, analyst and partner at Value Partners Group, told the BBC that the model could work "for well-known publications - for must-read, must-know content. The Wall Street Journal and the Financial Times are already charging for content, for example," he said. He believes that a micro-charging structure, where readers pay just 5p or 10p to access an article, might work. "This is less than the price of an SMS [text message]," he argued. "This is definitely the way the [newspaper] industry is going," he concluded. Recovery The firm has suffered from plunging advertising revenues. "Our financial performance clearly reflects the weak economic environment that we confronted throughout the year," Mr Murdoch said. He did, however, say that there were signs of life in the advertising market. "I think the worst may be behind us, but there are no clear signs yet of a fast economic recovery." He added that News Corp was "particularly well-placed for the coming recovery". New Corp's $3.4bn loss was due to $8.9bn in write-downs already announced, compared with a $5.4bn profit a year earlier. Revenues at the media giant, which owns BSkyB and 20th Century Fox, fell 7.8%. In the fourth quarter, News Corp lost $203m compared with a net profit of $1.1bn in the same period a year ago. Story from BBC NEWS: http://news.bbc.co.uk/go/pr/fr/-/2/h...ss/8186701.stm |
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#2 | |
Elitist
Join Date: Nov 2008
Location: SF Bay Area
Moto: Gix 750
Posts: 11,351
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All this is going to do is make lazy Americans use "fringe" blogs and fake-news sites. |
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#3 | |
Serious Business
Join Date: Nov 2008
Location: New York
Moto: 1993 ZX-11 2008 CBR1000rr
Posts: 9,723
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#4 |
Canyon Carver
Join Date: Nov 2008
Posts: 315
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Damn straight. No more of this free socialist media. If it's a right-wing echo chamber you want, you can pay for it! Sweet.
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#5 |
Nomadic Tribesman
Join Date: Nov 2008
Location: Brampton, Canada
Moto: '09 ER-6n
Posts: 11,150
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Murdock's whole empire started to fall when they started giving away the page 3 girls for free, on the 'net. Keeley Hazel and Vikki Blows alone could finance the lot of it.
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"Everything's better with pirates." - Lodge, "Dorkness Rising" http://www.morallyambiguous.net/ |
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#6 |
Chaotic Neutral
Join Date: Feb 2008
Location: Cherry Hill NJ
Moto: GV1200 Madura, Hawk gt
Posts: 13,992
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im familiar with keely but had never seen vikki before. Gott in himmel! What do they have in the water over there?
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#7 |
Nomadic Tribesman
Join Date: Nov 2008
Location: Brampton, Canada
Moto: '09 ER-6n
Posts: 11,150
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Something that rots men's teeth, but causes women to balloon in appropriate places. Page 3 went silicone free a few years back.
__________________
"Everything's better with pirates." - Lodge, "Dorkness Rising" http://www.morallyambiguous.net/ |
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#8 |
Soul Man
Join Date: Nov 2008
Location: Everywhere, all the time.
Moto: '0000 Custom Turbo Cross (with jet kit).
Posts: 6,481
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I noticed that too.
Too bad, I liked them better when they were just naturally slutty. JC
__________________
The way things are going, they're gonna crucify me. |
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#9 |
AMA Supersport
Join Date: Nov 2008
Location: Odessa, TX
Moto: 2000 Honda CBR1100XX Blackbird
Posts: 4,931
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![]() Last edited by Kaneman; 05-09-2011 at 08:45 PM.. |
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#10 |
Soul Man
Join Date: Nov 2008
Location: Everywhere, all the time.
Moto: '0000 Custom Turbo Cross (with jet kit).
Posts: 6,481
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The UK Sun "newspaper" features boobies on page 3.
The aforementioned boobies can be seen here: http://www.page3.com/girls_gold.shtml JC
__________________
The way things are going, they're gonna crucify me. |
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